Yen and Dollar remains the strongest ones for today while commodity currencies are weakest, led by Aussie. There was no follow through buying in Dollar and Yen beyond Asian session. The panic selloff in Hong Kong stocks didn’t spillover to other markets and even US futures are pointing to slightly h
Investors took the US dollar and US equities higher on Tuesday following better than expected data. Service sector activity contracted at its fastest pace since 2009 but the decline in non-manufacturing ISM from 52.5 to 41.8 was better than the market’s 38.0 forecast. This cold comfort ahead of Frid
Reuters has reported that China is reporting four new coronavirus cases for April 29, down from 22 a day earlier, data from the country's health authority showed.
All of the cases were imported, the National Health Commission said. It also reported 33 new asymptomatic cases over the day, up from 26
GBP/USD Tuesday's four-hour chart is positive for the pound, according to FXStreet’s analyst Yohay Elam.
“GBP/USD is benefiting from upside momentum on the four-hour chart and has edged above the 50 and 200 Simple Moving Averages, a bullish sign. However, the cable is trading in a narrow